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taxes by $600 million. not as much as i would have liked, but we did. tim trying to raise taxes. we also reduced the size of the state work force by 9000. there were over 300,000 net new jobs created. i use all of my time i could for jobs and recruiting investment to virginia. tim was out running around the country advocating for obama's policies as well as raising money and trying to get folks like harry reid and nancy pelosi reelected. when he was governor, over 100,000 jobs were lost. i have worked across party lines. i want to work with republicans and democrats to get this economy going. i think we can find common ground to make sure our tax laws are more competitive and simple. if we do that, i think we will send a message to the world america is open for business again. >> i think what the audience sought is he was asked a question about his senate record and he was talking about being governor. he is running for reelection to the united states senate. he had a fiscal irresponsibility. george came into the united states senate with historic surpluses. we were in great shape. by th
success. you know, they are talking about -- president obama is talking about a tax increase. there are two of things wrong with that. one is that i happen to know where the money goes. and secondly, raising taxes on people is not the answer in washington. i was there when we balance the budget in 1997. and we cut taxes. we did not raise taxes. to give them more money, they will spend it. it will hurt malkin -- small businesses and hurt our ability to create jobs. that is why so many small business people have been paralyzed. and then come the regulations. a small business person, man or woman, it needs to be treated like a delicate flower. you have got to water it, you have got to take care of it called a little loving care. you do not crotchet by somebody that does not understand small business -- you do not crotchet. it is hard to start. it is hard to keep it going. but small business is the engine of economic growth. it is where we get our jobs from. yet, we have all these people in washington who give us this top- down approach to how we will grow jobs. and it is really
. and the president taking credit for positive economic aiders. and what will january's looming tax increases do to those signs of life? and a measure on the ballot in michigan could hand unions their biggest victory in years. will they make collective bargaining a constitutional right? >> welcome to "the journal editorial report." wifeless than two weeks to go, president obama and mitt romney hit the campaign trail in florida, ohio, wisconsin, colorado, and virginia. polls continue to show the race in a dead heat nationally, and too close to call, in no fewer than ten swing states but the obama campaign and its media allies are questioning whether mitt romney's recent momentum is real. joining the panel his week, dan henning gary, james freeman, dorothy rabinowitz and kim strassel. kim, tell us how real the romney surge is. >> look, paul, i know two weeks is one side increasing its advantage in both the national polls and the swing state polls. that's romney. we have seen money flowing into that side. that's romney. we have seen him improve his performance in independents and womens. you can ca
, so does our economy. that is why instead of raising taxes, we ought to fix our 72,000 page monstrosity of a tax code, so we can keep jobs here and bring jobs home that have gone overseas. we should repeal the president's health care law, which makes it harder for small businesses to hire. and replace it with reforms that actually the work costs and protect the doctor-patient -- lowers costs and protects the doctor-patient relationship. and instead of getting into high gas and energy prices, let's jump start the development of america's vast domestic energy resources. let's build the keystone pipeline. let's expand the exploration and use of natural gas and coal. these are all good ideas that mitt romney supports. the president obama has ignored or rejected. that is disappointing, especially considering how his policies have failed. he promised to listen. he promised us change. but all we have got is more of the same. more spending, more red tape, more debt and decline. a loss of hope. the united states senate, run by the president's party, has not passed a budget in more th
's what i've done. cut metal -- taxes on middle-class families and small businesses that create jobs, and over burdensome regulations on our farmers. make sure we keep our promise to seniors on medicare, as well as make sure we support our military and support the niagara falls -- also have to make sure we balanced the budget the right way. i've been so blessed to live the american dream. just like my mom and dad by starlight together in a trailer in the shadows of the steel plant. i promise to continue to be strong independent voice and a fighter to make sure everyone in this great country has the same shot i take it that's my commitment to you. collins: well, good evening. i'm chris collins. i'm running for congress to do my part to help restore the promise of the american dream for our children and our grandchildren. our country is at a tipping point. my granddaughter turned one just last saturday. she has $52,000 of debt. federal debt at her feet. my two kids in college are worried they're not going to have a job when they graduate. that's unacceptable. my 85 year-old mom is worr
and to reduce regulation and keep taxes low, so that businesses can expand and people can get jobs and they can feed their families and pay their mortgage and send their kids to school. i think that the choice we have to make on november 6 is very clear. you can choose someone who took a $200 million surplus, increases spending by 50% and let us with the highest tax burden in the country, or you can choose me. i would like to go to washington and lead the fight to reduce spending and reduce regulation and do things to grow this economy, and i would appreciate your vote. >> moderator: steve woods? woods: i'm a businessman and chairman of my local town council. this campaign and other campaigns bother me. cynthia, i am tired of your constant criticism of old wealthy white men. i think it is undignified for a u.s. senate candidate. charlie, i'm tired of your gross distortion of truth in regard to angus king come and i'm tired of your tv commercials ruining all my favorite shows on abc. i get it. 1.3 million. we both think that angus is responsible for terrible things. that and everything else. but
of amnesia on november 6. all of a sudden romney claims he does not hea $5 trillion tax cut that will raise taxes for the middle-class to the president has a new term for it, he calls a what? romnesia.' it is the most accurate term i have heard in a while. and it is contagious because of a sudden, congressman ryan, the guy picked because of his new ideas about how to drastically cut spending, the guy whose budget passed cutting everything 19% across-the-board, his budget voucherizes medicare. not cut those programs. -- all the sudden, he says now he does not cut those programs. he just slowed their growth. he slows your growth. he limited to $2,500 tax cut that you middle-class parents used to keep your kids in school. taking thousands of the pell grants and knocking people out of college. it is like mitt romney try to convince the guy in the employment line that he did not outsourcing is job offshored his job. the result is the same. job is gone, you have a voucher and instead of a guaranteed medical benefit. now mitt romney is running ads across the country about getting tough on china. t
construction workers back to work. why? it would have been an increase in taxes, not for most people, but for those who make a million dollars or more. making the investments in education, making the investments in research, and we make those investments together and build a future. that is what it will take over the long run to build a stronger future here in western massachusetts, all across the commonwealth, and all across the country. >> thank you. before i start, i want to thank the mayor for your endorsement and support. thank you both for coming. this is actually about jobs and economy. the whole race is about that. we held one of our first jobs fares here because we want to connect people with jobs. when you put a title on a bill in washington that says jobs bill, you have to read the bill. those bills in particular were rejected in a bipartisan manner, and that means democrats and republicans recognize that by taking for under $50 billion in taxes out of the private sector and giving it to washington to increase government spending, that is not the answer. the best answer is
or regulating drugs as a means of doing both of those? >> i'm all for it. i don't want anything taxed at all, but, yeah, i mean, this is -- we may be getting to a pragmatic kind of prohibition era question where it became expedient to legalize alcohol so that you could be, you know, getting some of the great -- so that the federal -- the government could be getting some of the proceeds from that great cash crop, and, you know, marijuana, as we all know, the biggest cash crop in the country. again, you know, i'm looking for the liberals to step up to the plate here. i hear this thing about, oh, wait until obama's relegislated, he'll stop laughing any time anybody mentions this, the idea of legalization. it's not just a libertarian fancy. in opinion polls and in the voting in referendum in all of the states that it's come up in, it's more popular than gay marriage, more popular than a lot of stuff that moved into the consensus of acceptable discussion. it's only in official in washington that this has not been, you know, accepted, and, by the way, i hate to pick the liberals down one more time
guidelines.e too - paid taxes forrthreeeyears, they're on their way too citizennhip, they've registered for the draft, they &popponnnts...petitionnddthe known as...questton 4. it act" on the ballot...its title...."publii institutions pf highhr learning-tuitiin rates.and ooponents...say it unfair...bott philossphically...a nd....iiaaccaall..(kipke) "it's just a costly bill. t's going to at least coss threee over th next three years, up we're provding a taxpayer beeefit tt ppople who entered our country illegally."the law states...that illegal not be incllded...among legal "in-state" tuition..they'll still be lassifiefd...as out- of-state students. and suppooters...say that's a reasonablecompromise. john if you still have questions reearring the maaylann a vote 2012 special monday explanations of the dreamm cc referendum... the same-sex marriage referendum....and tte referendum to exppnd gambling night att11... right here on fox45. straight ahead... video games... centered around thh presidential rrce. politically-themed entertainment... america's seen since 2004. (((reak 3)) 3 two opp
got to the budget surplus. i did not vote for the war or the tax cuts for the rich. with the giveaways to the drug companies that blow a hole in the budget. we had the biggest budget surplus to the biggest budget deficit in 2008. >> so you believe the senate is doing their job? >> i think that they did the right thing in the budget control act. this includes revenue and going after these tax loopholes. the politicians who signed the pledge to the lobbyists grover norquist -- >> i will give you 60 seconds to respond. >> sitting around your kitchen tables you can't go three months without managing your finances. you can't go three weeks without managing the budget for your small business. but he and other career politicians have gone three years since they passed a budget. he talks about the budget control act. if you are watching this, think for a second. do you have the budget control act in your small business? this is washington speak. we manage our small business with the budget. but these politicians to think that they can live by different set of rules. after y
trillion in debt. . i want to go to washington to lead and to reduce regulation and keep taxes low so businesses can expand and people can get jobs and feed their families and pay their mortgage and send their kids to school. the choice we have to make on november 6 is clear. you can choose someone like the hurricane and who took a $300 million surplus and left us with a $1 billion deficit, or you can choose me. i would like to go to washington to lead the fight to reduce spending and regulations and do things to grow this economy. i would appreciate your vote. >> i am not a politician. this is a little bit uncomfortable. i am a businessman and chairman of my local council. the negativity that has consumed this campaign bothers me. cynthia, i am tired of your criticism of old, wealthy white man. he went beyond the pale when you accuse angus king of the allied air. charlie, i am tired of your commercials ruining all of my favorite shows on abc. you do not think angus is responsible for a lot of terrible things. as an voter and citizen of maine, i will ask you to stop your attacks for t
their husband and very interested in what their tax rate is going to be after this election. >> and the number will only go up. chris: let's start to whip around. a gut question. i don't know if you can answer this but in your gut does mitt romney have the kind of support and oomph behind thim that defeats an incumbent president? a hard thing to do. if you think about it. a two-person race it almost never happens. >> you'd still say this is the test -- it's on obama's racket. i'm struck by the way in which romney as he presents himself to the country is different from the way that he was demonized early in this campaign by the obama advertising. people see him in the debates, it turns out that he's a likable guy. and chris: i agree with that. >> and sounding moderate, cheerful and optimistic and positive. that's a very different -- >> and for a reversal -- chris: they weren't ready for jekyll. they were selling hyde. >> my gut tells me no, partly baurgs the economic message has moved away from him in the accepts that using greece and some of these countries as a scare tactic to say this is why
leading the fight to cut the payroll tax for many americans so that they can have dollars in their pockets to invest in the economy, for trade adjustment assistance because workers lose their jobs because of unfair competition, i led the fight to get them back on their feet. earlier in philadelphia i mentioned the dredging project. the deepening of the channels. i was a key player in getting the most recent funding for that. so, getting results is key for our economy and i have the honor to have served with the people of pennsylvania and earned their trust. i ask again for this opportunity to earn their trust and that i have heard your vote. >> that includes the debate. we would like to thank the candidates for taking part in this important program. thank you for watching. now we have these final words from are co-sponsors. thank you so much for being here. >> hello, my name is a live be a thorn. the league of women voters citizen education fund thinks the candidates for participating in this debate. we are grateful for their continued partnership and commitment to informi
of tax rates we had under the clinton administration when the upper income earners were doing well and the entire economy was growing. we will have to make some tough choices. a balanced approach is the only approach i believe will get us there. >> your rebuttal? >> it is amazing to me that you can stand here, having voted for a trillion dollar deficits for the last four years, the largest, fastest debt increase in american history, can say that we have to control spending. you have done nothing to control spending over the last four years. with respect to cut, cap, and balance, it's amazing to me that the idea of cutting wasteful spending, capping the ability of congress to spend money we don't have, and balancing the budget is extreme. i think it would force congress to set priorities and stopped funding in things like solyndra and prioritize things like social security, medicare, and education. that's why i support a balanced budget amendment to the constitution. >> the race to succeed the retiring new mexico senator is just one of the key house, senate, and governor's races you
attacked 47% of americans, his company shipped jobs overseas, his plan cuts millionaires taxes, but raises yours. he'll voucherize medicare and make catastrophic cuts to education. so remember what romney said and what his name would do. >> paul: taking our name in vein, the 15th time, the wall street journal does not agree with any of the-- >> what do you think? >> this is a-- this is a distilled message (laughter) of the campaign. >> he keeps returning to this class warfare theme and this is in ohio and thinks the outsourcing, hitting the rich. 47% plays well with less educated white men in the midwest and where he's focusing ads. >> paul: is that really a good closing argument, dan? that's not an argument for the second term. >> it's not. and i honestly do not understand it, paul. it's -- i think it reflects barack obama's antipathy toward mitt romney? >> personal? >> i think so, he's been wanting to take him down from the beginning. and he's been running the same campaign from the beginning. and voters are out there still the economy the number one issue, waiting for the president to t
the foundation for by a diesel. i extended the tax credits so ethanol could grow. are represented #one renewable energy producing district in north america. from a business standpoint, government does not create jobs. government has to get out of the ways of of entrepreneurs can have a chance for profit and it will invest their capital. that turns into jobs and that is prosperity. government needs to have a low, stable, predictable tax rate so the trillions of dollars that are stranded because of the decision will be invested in the decision. we have to lower our regulation burden on businesses. when i was in business, i counted 41 businesses regulated by trade and our number -- there are more now. no one would dare say they are in compliance with all federal regulations because eventually government would come in and shut them down. >> what year do you say the u.s. economy will be fully recovered? >> that's a hard thing to measure. we don't know who the -- who would win the election and if i did that i would be more bold in my prediction. if we win a majority, we will hold a majority in the hou
? >> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered under this administration. those who don't have a job and are underemployed giving up then we have a grou of ceos speaking up for the multinationals we would like to go to the simpson thing. we want to raise taxes. reject it -- rejected by both republicans and democrats. we hear from business leaders they come up with this. >> how low do the fine balance? i will take that. remove the tax shelter and cut the top rate. >> rahm it -- romney is already proposing nonsense. >> we have a huge tax increase already slowing the economy down. to the clutter the tax code everyone can declare victory like 1986. we took the jump out and got the rates down. get those down sharply. >> he will be the president. >>
recently would you accept the $1 tax increase for $10 in cuts, and you said yes. dold: sure. >> moderator: somewhere between that and 70/30, i mean, just as a general proposition? dold: well, certainly what i took as a framework in what we did, we laid out a broad framework that was talking about a bipartisan budget that would put revenues on the table and also spending cuts. i don't want to say we'd say it's got to be this or that simply because we don't know what the proposals are going to be. we do face a fiscal cliff, and the only way i think we're going to resolve this problem is by coming together and working together as i've done in this last 22 months. >> moderator: brad schneider, how did you come up with the split? schneider: if you look at what we've had in this past congress, a congress that has done everything but address the challenges we face, you have a ryan plan that not once, but twice my opponent voted for that continues to give additional benefits and cuts to the most fortunate americans, additional subsidies to large oil companies and companies shipping jobs overseas.
some ideas forward about tax cuts and job creation. those who are undecided or leaning toward obama are saying they want to know how he gets this done if he has the same makeup of congress the second time around. he spent so much time saying congress has been the impediment. these candidates are spending millions of dollars on this home stretch. we're seeing it here in central florida. it's remarkable. we're going to north carolina next, and then virginia and finally ohio. right now, you've done the math a million ways, what matters the most? which matters the most? >> you're in florida right now and right now it is leaning also slightly towards mitt romney. that is a good sign for mitt romney. you're heading up to north carolina, right now we have flipped that to mitt romney's call just this past week it was a tossup state well, decided to turn it into a mitt romney win or at least that's what we think right now. it boils down to two very important states, virginia, very important state for mitt romney. he has to win it. but more importantly, he has to win ohio. >> candy, good to s
extension of state authority? >> well, i think the issue is less about the tax breaks and more about preserving the policy decision made by the state of oklahoma. there is a responsibility vested in each state in this country to make a decision presently about whether they adopt a state health care exchange, and there are factors that drive that. there are reasons to do that. there are reasons not to do that, but we ought to play by the rules that have been set up by the affordable care agent so the state can make a formal decision. if we adopt x, the benefit would be want? the feds wouldn't force upon the state of oklahoma a health care exchange, but if you don't implement a health care exchange, the affordable care act is clear in its language here's what flows from that. the irs disregarded that. they acted in a way that's inconsistent with the apa by adopting this rule on may 18th. it's the state's responsibility, and there may be other states that join this because, again, 20 # or so states have not adopted an exchange. it's about preserving the ability of the state to decide wh
and more taxes? or is our future going to be in less taxes, less regulations and more freedom? i believe in mitt romney. he's the right candidate at the right time to be the president of the united states. [applause] you know in the state of florida we have 820,000 people out of work, people who will looking for work, people who have given up looking for work. we need someone who understands how jobs are created. that individuals create jobs not government that creates jobs. [applause] when mitt romney is president he is going to need another united states senator, republican senator from florida. [applause] how many here have already voted? [applause] and for those of you who wake up tomorrow morning and go vote. after you vote for mitt romney go down the ballot a little more and vote for connie mack. can you do that? there are dig differences between senator nelson and myself. he was the deciding vote for obamacare. i voted against obamacare. [applause] senator nelson has voted for higher taxes 272 times. i voted to cut taxes. [applause] senator nelson voted to gut our military. i vote
. and the best way to do that is to reduce the employer's side of the payroll tax. for new job hires. in fact, they did go to a version of that. and but that's an example. the president has other proposals for credits, for particular kinds of businesses to create jobs, a new deduction of salary costs for new hires. or increases in pay. you know, i don't know that the particular designs of these policies from my perspective are ideal. i do know that that's speaking about the problem and saying hey we've got a real problem with job creation. the economy on its own is not doing this for some reason. we will eventually figure out the underlying reason. in the meantime, how do we stimulate it? look, there are other -- i've had this -- at the job summit i had a discussion with alan blinder an old friend of mine. he had a different approach. he said public jobs. public works. 1930s. i don't think we're there yet. i don't think we could ever do it. but we would certainly could -- can justify, and indeed there is a demand for an increased investment in infrastructure across the country. and they creat
to cut tax rates and pay for it by closing loopholes. two. he wants to increase defense spending by about $2 trillion over ten years. and three, he says he'll balance the budget at the end of his second term. let's start with the tax cuts. >> i want to bring down rates. want to bring the rates down, at the same time, lower deductions and credits so we keep getting the revenue we need. >> romney's across the board tax cut of 20% is $5 trillion worth. now, romney plans to close loophole to pay for it. we just don't know which wups, so we had to take some liberties on the map here. the joint committee on taxation did one test study and i have it right here. keep in mind, this was done based on current law, which assumes the bush tax cuts expire at the end of the year. they concluded that revenue neutral tax reform would permit a 4% decrease in all ordinary income tax rates. now, that's not close to 20%. now, let's get to the second thing. adding more than $2 trillion to defense spending. according to analysis conducted money, romney will add $2.1 trillion in defense spending over a decade. n
out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matters more over the period of a couple of years but the immediate effect is that the tax increases will take effect. and people have to pay the tass and spending will go down. i don't know that sequestration will click in as quickly as people say. there will be a reduction in ending over the course of the year but i don't know that it will happen as qukly. there is a real danger the tax increase could throw us right into recession. melissa: right. you yank $200 billion out of the hand of the private ctor, what does that immediately do to gdp? at's what we're talking abt here today. we're talking abou the gdp number. this would be just taking a hammer to that. >> it would be 350 billion. good for about 2%. it would happen pre
and that is by asking the wealthiest people and the largest corporations to start paying their fair share of taxes. i was talking about it gets us to solve that problem over a period of ten years. i thought ten years was too long basically. that was not an endorsement of every single item in the budget but the direction is going in, and whether or not i would support cutting if i supported that the budget i don't know. i have to look at the budget and see what cuts are necessary, but the most important point to remember is this. half of the budget is reform of the tax code to get the economy flat in the tax rates, lower the rates or on the base deutsch a trillion dollars of credits and the major corporations might take advantage to get the economy going and get revenues back up, get people back to work and you have less need for these programs and if it was to save the country to do it in a responsible way. >> i will get to it in a moment i'm not putting your words in your mouth. i want to understand in the short term over the next year or two would you cut the liheap funding of? diamondstone: if i w
some of the tax breaks, such as the breaks on social security payroll taxes can be continued onward from december. i think that's very important to keep money in the hands of the middle class and enabling their spending, and jobs. >> eliot: all the miles you're talking b all of which i'm fully in accord with all predicated with president obama to guide the path. i agree, if he gets the second term. one of the premise that i view and i think you view as one of the misguided policies of mitt romney if you lower the tax breaks you get an outbreak of investment. there was a survey that disputed that. they polled it under political pressure. what is your wisdom as someone who has studied this in great death, would this bring investment as mitt romney high hypothesizes. >> no, between cutting marginal tax rates on the top and creating more jobs or economic growth. clinton increased taxes and we had jobs than when bush cut taxes. yet average economic growth during the years was better than it has been since. look at nations even in germany and europe scandinavia, they have faster economic
. a company that does not pay $45 million in taxes to the state of montana. they are manipulating not only their workers but the congressman on this decision. >> time to go to our panel. our first question goes to senator tester. >> thank you. an overwhelming concern is the negative ads, so are the negative ads toward you buy your opponents greeted with one -- net so of the negative ads toward you buy your opponents, which one bothers you most? >> we have unlimited amounts of corporate secret money in campaigns, and i might add the decision has endorse my opponent and give him $10,000. i do not want an endorsement because i believe in transparency of government. he tells folks, now number one, they have been driving this over and over again 95% with obama. it is not true. i come home every weekend to get the ideas of montana and take it back to washington, d.c., and not just talk about it but actually get things done. >> they are trying -- he is trying to mislead montana's. it is 95% of the time against the best wishes of the stimulus and the epa, and he has a chance to side with small bus
this point. the adcdos who came out and said you have to raise taxes. does that puncture the balloon of the entirety of the logic of mitt romney. >> it may puncture it if you want to analyze this in logical terms. >> eliot: you're not saying logic is not in politics. >> i don't think it is right now. you may have fired an aide who wrote a speech like that. i think romney is quite wise not to. the banality of what he says is central. he does not want to spell out what he's going to say. we all point out the budget mass isn't this. that's because he doesn't want it to be there. he wants to talk in glowing generalities and allow everyone to allow mitt romney to be whoever they would like him to be. >> eliot: this is vapid by design. >> oh, yes they change the law and make the crimes legal. this is what obama understood in april of '08. he nailed it. he said these guys changed the rules of the game. allowed them to operate by like bandits, and it was done under george w. bush's watch. there isn't difference between romney and bush. >> that raises the critical question. why doesn't the ro
president obama talks she discusses the u.s. economy and tax policy. >> hi, everybody. it has now been four years since the crisis that began on wall street spread to main street, hammering middle-class families and costing our economy 9 million jobs. since then, we have fought our way back. our businesses have added more than 5 million new jobs. the unemployment rate has fallen to the lowest level since i took office. home values are rising again. and assembly lines are humming once more. to make sure america never goes through a crisis like that again, we passed tough new wall street reform to end taxpayer funded bailout for good. all for reform also created the first ever in the pan a consumer watchdog, who sold job is to look out for you. that means making sure that you have all the information that you need to make import financial decisions like buying a home, were paying for college. and it means going after anyone who tries to take advantage of you or rip you off. but starting this month, that includes the folks who come up with your credit score. if you have not checked your credit
on the franken storm threatening the eastern sea. >> the fight offer governor brown's tax hike measure. enter conversation on california's budget crunch. thank you for joining us. >>> we have a lot of news to cover in the next hour. we have a sit down as you saw with governor jerry brown. we will talk to him about the state's finances and the push to hike the sales tax and income tax. >> there was a huge earthquake off the coast of canada. we will look the tsunami advisories but our happiest story of the day, the giants on the bripg of glory right now. this is the newspaper this morning and tonight is going to be the pivotal game that could give them the world series championships. we have a lot to talk about coming up. but first -- >> all right, hurricane sandy moving up the eastern seaboard with the storm's outer bands lashing the barrier islands off north carolina. >> right now the governor of new york, andrew cuomo, i halting a halt to all public transit in new york city at 7:00 tonight. it could affect 50 million people. suetion mcginnis has the latest from the coast of delaware. good mo
they have to pay, we pay more to government than any other major country in the world. the corporate tax rate is down to 25% in europe. ours is 35%. canada brought the tax rate down to 15%. businesses go there to save money. what i will do is bring the corporate tax rate from 35% to 25%. now, you might think -- [applause] >> same time, we'll have to get rid of loopholes and extensions and we need the revenue we need. but we need to bring the rates down and make ohio a more interesting place to invest. small business doesn't pay the corporate tax rate. it is 35%. i want to bring down the individual rate as well. thoseen -- i'll make proposals to congress on day one. things i do -- we will put america on track for a balanced budget. we can't keep spending more money -- [applause] >> what we talk about, these topics like big government policy -- they effect the lives of individual americans. this is about you and your life. say you are a senior -- i see a senior waving. i meant senior by age, not senior in high school. let's say you are a 65 year old or older. and when you -- when you get a
literally decades of research trying to lower at the extent to which measures like an earned income tax credit and temporary assistance for needy families, medicaid and education programs he will tell me if he is right. and their impact on people's lives. it is far from sucking the life out of them. i would argue that not only do these provisions critically offset multiple failures embed, did they provide people with the opportunities they need to achieve the vocation and faith that absence this support there are have a much harder time and cheating. i want to reflect on michael harrington and how big is the current economic divide and as a different now versus when he broke the other america. the economic divide is much lighter now than it was then. the most recent year was 2007. 23% of income accrued to the top 1%. back in the early '60s, that was 10%. he was writing about an economic divide where 10% occurred tuesday top 1%. hthe growth of inequality is a major factor of understanding in the quality. this is a dynamic story. it has great barrington area of agreement between charles a
's a suspicion some of them may have been using swiss bank accounts to avoid taxes, but the greek government never investigated those people on the list. the list was passed to christine lagarde. it is an intriguing story. >> he was due to appear in court about an hour ago, but the greek legal system being as it is, there are delays 7. other cases to be heard first. so we have no indication yet as to when his trial will begin. he is charged with breach of privacy. he published this list of greeks holding bank accounts overseas at hsbc bank in geneva, many of them suspected of tax evasion through those accounts. the real anger is not towards him but towards, the towards who seems to have sat on this list for the lasted until years and not acted upon it. he says that the alleged tax evaders and ministers who received the list from christine lagarde in 2010 and of not followed up on it, he says they should be the ones focused on. the greek government simply is not serious about tackling tax evasion. >> have the ministers involved given any explanation for not following up on the list? >> two of
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